ECON3170 – Data Science for Economists

Schedule, syllabus and examination date

Choose semester

Course content

This course is equivalent with ECON4170 – Data Science for Economists

Knowledge of computers and programming is becoming more important, also for economists. This course is aimed at introducing programming and computational tools useful for future careers as economists.

The first part of the course is an introduction to programming and common programming structures. The course goes on to cover manipulation of data, data analysis including an introduction to machine learning techniques, and basic numerical methods useful in economics.

Learning outcome

Knowledge

  • Know how to use computers to analyze data

  • Basic knowledge of how computers work and what it implies for computation

  • Common components of computer algorithms such as conditionals, loops, and functions

  • How data can be visualized and some characteristics of good visualizations

  • Knowledge of how numerical problems can be solved using computers

Skills

  • Write a program in R to undertake analysis of data or numerical problems

  • Import  data from various sources and in different formats and transform them into an analyzable format

  • Use the basic tools used in machine learning such as cross-validation as well as basic algorithms such as LASSO and random forests

  • Implement algorithms for solving numerical problems such as taking derivatives, solving equations, and maximizing functions

Competence

  • Knowledge of how computers and data science can be used to study economic and social phenomena

  • The limitations of data science approaches to studying human behavior

Admission

Students at UiO must apply for courses in Studentweb.

If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.

You can not attend this course if you have already passed specific ECON-courses at a higher level.

This course is not available for single course students.

Prerequisites

Recommended previous knowledge

Highly recommended: ECON2130 – Statistikk 1

Useful: ECON1100 – Matematikk I

Teaching

Lectures and seminars. 

Examination

Assessment is based on

  • a group assignment (counting 40% of the total grade)
  • a 3-hour written examination (counting 60% of the total grade)

The topic for the group assignment is selected within some given categories, and must be approved by the course coordinator early in the semester. Deadline for submission will be before the written examination, at the end of the semester.

Both exams must be passed the same semester in order to receive a valid final grade.

Written examination

The written examination is conducted in the digital examination system Inspera. You will need to familiarize yourself with the digital examination arrangements in Inspera.

Read more about written examinations using Inspera.

Submit assignments in Inspera

You submit your assignment in the digital examination system Inspera. Read more about how to submit assignments in Inspera.

Use of sources and citation

You should familiarize yourself with the rules that apply to the use of sources and citations. If you violate the rules, you may be suspected of cheating/attempted cheating.

Examination support material

Resources allowed: Open book examination where all printed and written resources are allowed. Some material will be available in Inspera.  Further notice will be given.

Language of examination

The examination text is given in English.You may submit your response in Norwegian, Swedish, Danish or English.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Explanations and appeals

It is recommended to request an explanation of your grade before you decide to appeal.

Appeal

Explanation

The deadline to request an explanation is one week after the grade is published. For oral and practical examinations, the deadline is immediately after you have received your grade.

The explanation should normally be given within two weeks after you have asked for it. The examiner decides whether the explanation is to be given in writing or verbally.

Resit an examination

If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.

See also our information about resitting an exam.

Withdrawal from an examination

It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.

Special examination arrangements

Application form, deadline and requirements for special examination arrangements.

This is a master's level course, but still open for bachelor's students with sufficient background in mathematics and statistics.

ECON3170 – Data Science for Economists is the course code for the bachelor's students.

ECON4170 – Data Science for Economists is the course code for the master's students. 

Facts about this course

Credits

10

Level

Bachelor

Teaching

Every autumn

Examination

Every autumn

Teaching language

English

Contact

SV-info